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Butyric Acid Market worth 289.3 Million USD by 2020
The report “Butyric Acid Market by Application (Animal Feed, Chemicals Intermediate, Food & Flavors, Pharmaceuticals, Perfumes, Others), by Type (Synthetic Butyric Acid, Renewable Butyric Acid) by Geography (APAC, North America, Europe, Row) - Global Analysis and Forecast to 2020” defines and segments the concerned market with analysis and forecast of revenue.
Browse 84 tables and 55 figures spread through 130 Slides and in-depth TOC on "Butyric Acid Market by Application (Animal Feed, Chemicals Intermediate, Food & Flavors, Pharmaceuticals, Perfumes, Others), by Type (Synthetic Butyric Acid, Renewable Butyric Acid) by Geography (APAC, North America, Europe, Row) - Global Analysis and Forecast to 2020"
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Butyric Acid: The global butyric acid market was valued at USD 124.6 Million in 2014, and is expected to reach USD 289.3 Million by 2020, at a CAGR of 15.1% between 2015 and 2020
Asia-Pacific – The most dominant region in the butyric acid market
The butyric acid market in the Asia-Pacific region is one of the fastest-growing markets across the globe, and this trend is expected to continue in the near future as well. Asia-Pacific is leading the global butyric acid market, and has accounted for a share of 42.2% in terms of volume, in 2014. Among all countries in the Asia-Pacific region, China has contributed the maximum share in the butyric acid market. This growth is mainly attributed to the increasing population and the rising demand of animal feed market.
Synthetic Butyric Acid– The largest type segment in the butyric acid market
The synthetic butyric acid segment is the most popular type in the butyric acid market. Asia-Pacific region constitutes a major share in the synthetic butyric acid segment of this market, in 2014. The renewable butyric acid type will grow in the future as it is produced naturally by the process of fermentation. Due to this, there is a preference to use it in food, flavor and pharmaceutical sectors
China and India are at forefront of butyric acid consumption, while the U.S., Germany, France and Italy are other key countries in the butyric acid market. China consumes about a quarter of the overall demand of butyric acid, followed by India and the U.S., wherein the consumption of butyric acid is growing at a steady pace. Demand of butyric acid is expected to grow in the Asia-Pacific region, owing to the rising population and the fast-growing animal feed sector.
Animal feed segment is projected to be the fastest-growing end-user application of the butyric acid market between 2015 and 2020. The animal feed industry is expected to progress in developing economies of China and India. Butyric acid is considered one of the most efficient energy sources for intestinal cells, causing it to become a major raw material for animal feeds, especially for poultry and swine. The decision of European and North American countries to reduce the use of antibiotics in animal feed production is expected to grow the animal feed application segment even further. The second biggest application segment is chemicals intermediate segment.
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